Track Your Day to Financial Success

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If you’re like most people you probably go about your day-to-day business never really thinking about the moment-to-moment activities that consume your day. I’d like to walk you through an exercise that will help you earn the highest possible revenue per hour.

Let’s assume that we each start with 365 days in a year. If we take away the following:

Weekends 104 days

Two weeks of vacation

Personal religious holidays – (Three is the average)

That leaves each one of us with approximately 238 days in order to earn the income we desire. If you multiply these 238 days times an average of 10 working hours per day, you are dealing with 2,380 hours of real work time for the year. So let’s do some math. If your yearly income goals are as follows:

$25k = you must be earning an average of $10.50 every hour of work.

$50K = $21 per hour

$100k = $42 per hour

$250k = $105 per hour

$1 M = $420 per hour

$5 M = $2100 per hour

$10 M = $4200 per hour

In order to earn the income per year that you really want, you absolutely must be doing activities every hour that line up with this chart. If you are doing anything that isn’t your absolute highest producing income activity all the time, you are making it much harder to achieve your desired financial goals. Answer these four questions:

What activity or activities generate your highest producing income?

What are you spending your time doing?

Are you focused on the real money makers or the real time wasters?

Are you making it easy for yourself to be a high-income earner or are you doing the things that can be done by someone whose income goal or ability is less than yours? (Delegate or outsource projects and tasks that aren’t the highest income producing use of your time.)

When you start to look at each hour this way, you’ll stop doing the small stuff and you’ll start doing the real high producing stuff that yields results. You will build your business success and your wealth.

Mahalo (thank you) John! This is an incredible way to look at how much we want to earn and doing activities which are worth that amount per hour. Wonderful! Thank you for all you do and for sharing such valuable information with the world!

Thank you for sharing this concept. It seems so simple when you break it down this way. Now I know what I have to be doing and how many clients I need to bring in for my business to get to the income level I desire.

Thanks John, perfect timing! As always it is appreciated that you give out this info! I have been following your insights for the last 24months and have been documenting my experiences on “re-training my brain” the results are incredible! THANK YOU!!

Thank you, John,
All the above recommendations are truly valuable. You have put them in perspective with examples that drive the messages home.

I’m using your detailed goal-setting plan. This will help me implement it. I still have moments of procrastination. I see how to better get myself into the action mode more often during the day–and develop better habits–no excuses.

Having
financial success can make life a lot easier not to mention the amount
of freedom you may feel once you know that you are financially secure.
Financial success is something many people aim for but few actually
are able to enjoy financial success and the reasons for falling short
of that goal are really quite simple. If you’ve tried saving money,
investing, working harder, changing jobs and your finances still haven’t
improved then maybe it’s time to take a closer look at your financial
beliefs and try a different approach. Personal Finance.

I am anxious to learn how to get my life organized by knowing how I can have self confidence in time/self management technics. Can you help to find the right tools to achieve that? All you can suggest will be greatly appreciated!

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About me

John Assaraf is a serial entrepreneur, brain researcher, and CEO of PraxisNow. In the last 25 years, John has grown 5 multi-million dollar companies in real estate, Internet software, brain research and life and business coaching and consulting. He’s the author of 2 New York Times best-selling books, Having It All and The Answer. Read More